Breaking Mining Stock News: New
Destiny Mining (TSXV: $NED.V) 2024 Drilling Program Underway Treasure Mountain
Silver Property, Hope BC; @NEDminingcorp
VANCOUVER, British Columbia - July 18, 2024
(Investorideas.com Newswire) New Destiny Mining Corp. (TSXV: NED), (the “Company” or “NED”) announces it has completed
mobilizing crews and equipment and has started its 2024 drilling program at the
Treasure Mountain project, near Princeton, BC.
The Treasure Mountain property is situated 38 km west of the
Copper Mountain mine at Princeton in southern BC. and covers 10,819 hectares. Targets on the property
include critical minerals in porphyry copper-moly deposits, and gold-quartz
vein and polymetallic silver-rich vein deposits.
Paid news dissemination on behalf of New
Destiny Mining.
Read this news, featuring NED in full at https://www.investorideas.com/news/2024/07181NED-2024-Drilling-Program.asp
Temporary exploration camp.
The 2024 drilling program has now started after a temporary
exploration camp was constructed and crews and equipment were mobilized to
site.
The drill program has started at the first target. The Railroad copper-silver mineralized zone was explored historically in several adits
dating from at least 1937. In 2019, an average
grade of 0.64% copper and 116.0 ppm silver was channel sampled over a 4.2 metre
width in a trench. The drilling this
year will drill test this zone down dip.
The occurrence is interpreted to be genetically related to a concealed
porphyry intrusion.
Photo of drill on site at Treasure Mountain North Property.
The next target planned is the Jim Kelly gold-quartz vein, which is
exposed in a historic adit on the bank of Jim Kelly Creek. A 2018 grab sample returned a result of 11.3 grams
per tonne gold. The vein will be explored for extensions by drilling, and
trenching may be done depending on the thickness of overburden.
Map showing Treasure Mountain property and targets
for 2024.
Readers are cautioned
that historical records referred to in this News Release have been examined but
not verified by a Qualified Person. Further work is required to verify that historical
records referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., a Qualified Person as defined by NI 43-101
and consultant to the Company, approved the technical information contained in this
News Release.
ON
BEHALF OF THE BOARD OF DIRECTORS
“Al Beaton”
Director
604-488-3900
Lubica Parilakova
ir@NewDestinyMining.com
Forward Looking Information
This news release includes certain statements that constitute
"forward-looking information" within the meaning of applicable
securities law, including without limitation, the Company’s information and
statements regarding or inferring the future business, operations, financial
performance, prospects, and other plans, intentions, expectations, estimates,
and beliefs of the Company. Such statements include statements regarding the
completion of the proposed transactions. Forward-looking statements address
future events and conditions and are necessarily based upon a number of estimates
and assumptions. These statements relate to analyses and other information that
are based on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often,
but not always, using words or phrases such as "expects" or
"does not expect", "is expected", "anticipates"
or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or
"will" be taken, occur or be achieved), and variations of such words,
and similar expressions are not statements of historical fact and may be
forward-looking statements. Forward-looking statement are necessarily based
upon several factors that, if untrue, could cause the actual results,
performances or achievements of the Company to be materially different from
future results, performances or achievements express or implied by such
statements. Such statements and information are based on numerous assumptions
regarding present and future business strategies and the environment in which
the Company will operate in the future, including the price of gold and other
metals, anticipated costs and the ability to achieve goals, and the Company
will be able to obtain required licenses and permits. While such estimates and
assumptions are considered reasonable by the management of the Company, they
are inherently subject to significant business, economic, competitive and
regulatory uncertainties and risks including that resource exploration and
development is a speculative business; that environmental laws and regulations
may become more onerous; that the Company may not be able to raise additional
funds when necessary; fluctuating prices of metals; the possibility that future
exploration, development or mining results will not be consistent with the
Company’s expectations; operating hazards and risks; and competition. There can
be no assurance that economic resources will be discovered or developed.
Accordingly, actual results may differ materially from those currently
anticipated in such statements. Factors that could cause actual results to differ
materially from those in forward looking statements include continued
availability of capital and financing and general economic, market or business
conditions, the loss of key directors, employees, advisors or consultants,
equipment failures, litigation, competition, fees charged by service providers
and failure of counterparties to perform their contractual obligations.
Investors are cautioned that forward-looking statements are not guarantees of
future performance or events and, accordingly are cautioned not to put undue
reliance on forward-looking statements due to the inherent uncertainty of such
statements. The forward-looking statements included in this news release are
made as of the date hereof and the Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by
applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this releas
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